other material
confidence high
sentiment neutral
materiality 0.25
United States Natural Gas Fund adds ADMIS as FCM; Marex accounts consolidated
United States Natural Gas Fund, LP
- On Aug 8, 2023, entered into Customer Account Agreement with ADM Investor Services, Inc. as additional FCM.
- ADMIS will provide execution and clearing services; commissions payable per schedule.
- Existing FCMs Marex North America and Marex Capital Markets underwent internal reorganization on July 14, 2023.
- MNA transferred futures clearing to MCM; MCM customer agreement terminated; accounts consolidated with no material impact.
- No material impact on operations anticipated from Marex reorganization.